Category: Business
Balance Of Payments & International Investment
The 2022 Q3 Balance of Payments & International Investment Position publication from the Department of Statistics has been released. Minister of Economy and Labour Jason Hayward said, “Bermuda’s trade with non-residents resulted in a $206 million surplus for the third quarter of 2022, up $41 million from a year ago. “Transactions related... Read more of this article
Bloomberg TV To Film A Segment On Bermuda
On Friday, Bloomberg TV will film a segment on island about “innovation in the telecom space and why Bermuda is the perfect place to do business.” A spokesperson said, “The interview will be conducted at St. Regis Bermuda by Anthony Lacavera, founder and former CEO of Wind Mobile with Premier David Burt, Sam Tabbara, CEO + Founder... Read more of this article
Athene Donates $100,000 To Charities In 2022
Athene Life Re Ltd. – the reinsurance subsidiary of Athene Holding Ltd — donated $100,000 to Bermuda charities in 2022 as “part of Athene’s ongoing commitment to giving back to the community where employees live and work.” A spokesperson said, “The Athene Life Re Charitable Committee’s contributions to over 13 local... Read more of this article
Enstar To Enter Loss Portfolio Transfer
Enstar Group Limited announced that one of its wholly-owned subsidiaries has signed a Loss Portfolio Transfer agreement with RACQ Insurance Limited to reinsure 80% of RACQ’s motor vehicle Compulsory Third Party insurance liabilities, covering accident years 2021 and prior. A spokesperson said, “Under the reinsurance, which is effective as... Read more of this article
Gosling’s Gold Seal One Of “Best Rums”
Tasting Table has highlighted Gosling’s Gold Seal as one of the “12 best rums for rum and coke.” The Tasting Table story said, “Rum and coke is a deceptively complex cocktail. Though this rum drink calls for just two ingredients — or three if you count a wedge of lime or a squirt of lime juice — there are many different types of rum,... Read more of this article
Bermuda Stock Exchange Report: Feb 21 2023
February 21 saw 15 shares trade on the Bermuda Stock Exchange, valued at $330.00 BD. 15 shares were traded by BF&M Ltd, closing at an even $18.00 per share. The BSX finished at 2,533.66, even on the day. There were 0 advances, 0 declines, and 67 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda Stock... Read more of this article
Reminder To Submit Workplace Accident Reports
The Occupational Safety and Health Office is “reminding all employers that the Occupational Safety and Health Regulations 2009 require every employer to submit an annual report of the number of accidents, dangerous occurrences and injuries that occurred at the workplace during the calendar year, January to December.” A Government spokesperson... Read more of this article
IoD Looks At ‘Hot Topics For Boards In 2023′
The Institute of Directors [IoD] Bermuda began their 2023 Professional Development programme earlier this month with a panel discussion entitled, Hot Topics for Boards in 2023. A spokesperson said, “Held in the Trudeau Ballroom at Hamilton Princess, the event was hosted in conjunction with KPMG and was attended by more than 100 people. “The... Read more of this article
Fairmont Southampton Provides Update On Plan
Construction at the Fairmont Southampton hotel is “due to begin in the next quarter,” the “first priority will be to renovate the hotel” which “will continue to feature 593 guestrooms and they will all be completely refurbished and modernized” and a “new SDO application is in the process of being submitted”... Read more of this article
Christopher Lee Joins Investor Community
The Bermuda Investor Community — which “exists to help entrepreneurs and investors connect” – announced that Christopher Lee will join the company’s board as a Non Executive Director. Mr Lee said, “I am delighted to take up this role at such an exciting time for the Bermuda Investor Community. The Community has identified... Read more of this article
Bermuda Stock Exchange Report: Feb 20 2023
February 20 saw 2,000 shares trade on the Bermuda Stock Exchange, valued at $36,000.00 BD. 2,000 shares were traded by BF&M Ltd, closing down 10.9% at $18.00 per share. The BSX finished at 2,533.66, down 0.79% on the day. There were 0 advances, 1 decline, and 66 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
Video: Pinky’s Drive-Thru Opens, 60 New Jobs
The island has a new drive-thru restaurant, with Pinky’s now open for lunch and dinner, offering cheeseburgers, French fries, salads, coffee, donuts, soup, kid’s meals and more, with dozens of people hired to staff the new eatery. The new establishment recently opened in Devonshire and Bernews stopped by on Friday to visit, and owner Marico... Read more of this article
